Newgen Software Shares Soar 4% on Bagging Order from RBI
Shares of Newgen Software Technologies Ltd jumped 4% in early trading after the Reserve Bank of India (RBI) ordered the company to install and maintain...
Tag : Reserve Bank of India (RBI)
RBI Defends Currency Moves to Protect Economy
The RBI stated in its monthly bulletin that India aims to keep its currency stable to safeguard the economy from global risks. They addressed criticism...
Reserve Bank of India (RBI) Issues Framework for Reclassification of FPI to FDI
On Monday, the Reserve Bank of India issued a framework for reclassifying foreign portfolio investor (FPI) investments to foreign direct investment (FDI) if the entity...
RBI Seeks Deputy Governor as Michael Patra Prepares to Step Down in January
Michael Patra, RBI’s deputy governor overseeing monetary policy, will step down when his term ends in January 2025. The RBI has begun inviting applications for...
Manappuram Finance Shares Crash 17% as RBI Bars Arm for Disbursing Loans
Shares of Manappuram Finance crashed 17% on 18 October after the Reserve Bank of India (RBI) prohibited the company’s subsidiary Asirvad Microfinance and other NBFCs...
Shaktikanta Das Raises Concerns Over Relying on AI
Shaktikanta Das, Governor of Reserve Bank of India (RBI) on Monday 14 October said that too much dependence on Artificial Intelligence (AI) could lead to...
RBI Keeps Repo Rate Unchanged at 6.5%, Changes Stance to Neutral
The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5% but has shifted its stance to...
RBI Looking to Cut Interest Rates During the October Policy
It is anticipated that the Reserve Bank of India (RBI) would keep the repo rate, which is the rate at which it lends to banks,...
India’s Forex Reserves Reach $700 Billion, Becomes Fourth Nation
According to figures issued by the Reserve Bank of India (RBI), India’s foreign exchange reserves increased by $12.6 billion during the week ended 27 September,...
RBI Sells Bonds for 11th week, Longest Streak in Nearly Three Years
Data published on Friday indicated that the RBI sold bonds worth 11.95 billion rupees (about USD 161.85 million) in the week ending September 20, bringing...